Chip-on-Board (CoB) LED Market Analysis

Material Segment Analysis

In chip-on-board (CoB) LED market, ceramic segment is poised to hold more than 57% share by 2035 because ceramic-based COB LEDs have remarkable longevity, thermal stability, and light output efficiency, they dominate the COB LED industry. Because ceramic substrates are more thermally conductive than other materials, heat dissipation is more effective and power densities are increased. For COB LED products, this means better performance and a longer lifespan.

Additionally, ceramic-based COB LEDs are great for use in harsh environments since they can withstand high temperatures, humidity, and other environmental factors. Moreover, ceramic-based COB LEDs are perfect for use in high-end lighting applications including commercial and architectural lighting because of their greater color rendering and higher luminous efficiency.

Application Segment Analysis

In chip-on-board (CoB) LED market, backlighting segment is estimated to capture over 44% revenue share by 2035, because CCOB LED chips are more cost-effective per unit of light than traditional lighting systems and have high efficiency, the market for these chips is expected to grow substantially. Because of the higher resolution of these chips, designers can produce visuals that look more lifelike.

Over the projection period, this tendency is anticipated to continue, driving both the automotive and general lighting application segments. COB LEDs are widely utilized in the consumer electronics sector for backlighting displays found in devices like tablets, smartphones, and televisions. According to a report, by 2026, the consumer electronics industry is projected to generate USD 1,210 billion. Also, Apple held a 15.1% global chip-on-board LED market share in smartphone shipments in the first quarter of 2021. Furthermore, the use of COB LEDs for illumination in automotive applications is growing.

Our in-depth analysis of the global chip-on-board LED market includes the following segments: